ALERT - Nasdaq/QQQ getting ready to take out all time high. 4,527/98 ------> 5,048/117 I figure we have a good run to end of year and those highs are reclaimed.
From Double-Bottom in 2009 to Double-Top in 2014? Major Resistance @ 4,600 + Double-Top territory + Massive wedge on monthly + zoomed out view to 1970-2014 = Topping formation of this size NEVER seen before Wave projection target = 550
Just in case anyone is following this, we're here. However, the trend channel is diagonal, and the limits change as the days go by. The upper limit of the channel is now a little higher, around 4100. So, it may turn here or it may continue higher. If you're in, no reason to exit unless there's a serious breakdown. See the charts in the "correction" thread.
Nothing stopping the QQQ's now, the all time high will be taken out before the year is out. You thought 1999/2000 was a wild ride, wait till you see 2014/2015.